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EURUSD losing upside momentum

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD maintains its bullish structure as long as the market remains above the Ichimoku cloud. However upside momentum is not strong at the moment. MACD has barely crossed above the zero line and the RSI is falling (although it remains in bullish territory above 50). Any upside moves will be limited at 1.1217 (Thursday’s post-ECB high). Prices have been retracing that rally and have fallen below the key 1.11 level and below the 200-day moving average. A fall into the cloud would weaken the

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